Specialist cyber underwriting agency Emergence Insurance has upgraded policy wordings to expand coverage, following consultation with brokers and clients.

Emergence says it has “responded to the growing market need for more complete cyber protection by providing a solution with broader coverage and higher limits”.

Emergence’s insured cyber events now include crimeware, cyber espionage, cyber extortion, denial of service, distributed denial of service, hacking, insider and privilege misuse, privacy errors, payment card skimming, point-of-sale intrusion and web app attacks perpetrated against insureds.

“Our criminal financial loss cover protects against cyber theft, socially engineered theft, identity-based theft, telephone phreaking and cryptojacking,” Head of Underwriting and Product Development Jeff Gonlin said.

“Cyber crime is huge. It’s well organised and a sophisticated industry, and every business is vulnerable.”